are not done. they will now be the favorite stocks of the second half of 2013. i would not take profits. i'm jim cramer, see you tomorrow. when so many people from a single hedge fund have engaged in insider trading, it is not a coincidence. it is instead the predictable product of substantial and pervasive institutional failure. >> there you have it. the u.s. attorney in new york slams sac capital as a repeat offender and charges the entire firearm with insider trading. the feds also have a new witness in the case. but guess what? sac's assets are not yet profro. that means they can keep trading and rally wall street to their

side. also this evening, the evidence mount, obama care isn't good for young people and it isn't good for doctors either. and we have a special guest, governor bobby jindal of louisiana. >> and call it the great interest rate debate. are raising rates hurting home builders? or maybe they should stop whining, all that coming up on "kudlow report" right now. first up, it's official, u.s. attorney announcing criminal charges today against sac capital, four counts of security fraud, one count of wire fraud and a new cooperating witness in the government's seven-year investigation. we welcome kayla tausche, cnbc's

scott cohn and bethany mclean. last friday night, it was the s.e.c. bringing a civil lawsuit against sac capital. all of a sudden within a week's time they flip. now it's a criminal lawsuit against the entire firm. why did this flip happen? >> well, these two things were not mutually exclusive, larry. we knew when the s.e.c. brought ie its administrative action on friday, there could be criminal charges for the coming. what changed is they did get that new cooperating witness. on monday, richard lee, a former sac capital employees entered

into a plea agreement. he has a maximum potential prison sentence up to 25 years but he did agree to cooperate, provide documents and testify before the grand jury. >> and this is a man with a history of insider trading. >> there are some mentions when he was being interviewed for the job, some people flagged lee and said, steve cohen, this guy has a history and cohen and others overlooked it. there are a lot of stocks involved here. but he flipped this week and he has been participating in this. >> so really, that could have been a turning point, from a civil suit to a criminal suit. the justice department had been trying to go after cohen and s.e.c. but they could never put

it together in a criminal. now they did and it could be this guy lee. >> the s.e.c. put out this 46-page white letter to its employee on monday saying you will not found a witness to testify that they heard these things, cohen specifically in the s.e.c.'s case involved in any of these trades or squirrely tactics. but today we have seen that richard lee at least has decided to be a cooperating witness. he is someone who will testify. we don't know what he'll say at this point but at least the department of justice believes he has some insider information. >> they got themselves a big fish. >> beth ani, they are still trading, they're in business. and some are quoted are saying if they can get through this criminal process while they're trading, maybe the charges won't stick, maybe they will. is it interesting to you that

sac will not shut down and they will continue to do what they do? >> it is interesting. and sac put out two statements today. one said we've done nothing wrong and the second statement said it's business as usual. i talked to a few people on wall street and i actually thought there was a risk that street firms were going to shut them down and say this firm is under indictment, we can't continue to do business with them. the street it for the most part sticking by sac. the argument is if you don't do that and shut them off, the argument becomes a conviction. you might say the street gets an awful lot of business from steve cohen's sac and they're in no more of a hurry to see them go out of business than steve cohen is. >> you don't have the 2008

financial crash issue as long as they're open for business and people are willing to trade. i assume the dealers are going to extend credit? >> i assume they will, too. there's a reputational issue and a credit issue that people always face when they decide to do business with someone, right? and a credit issue or a credit risk would have shut down the trading. but because cohen trades in mostly liquid securities and because he himself is worth so much money, i think people on the street have decided there's not really a credit issue here. so then the credit is reputational al. do you continue to do business with a company that has been indicted? and then the issue is they've haven't been convicted, they haven't been indicted. >> they are heavily funded. they manage $14 billion but

their total regulatory assets, $51 billion. so there's not the counterparty risk we saw in the crisis but i think the risk and i think the u.s. attorney's off knew if did you decide to shut them down full stop in one day -- >> at that really accounts for allowing them to operate, even while this is going on, so we don't have a crisis. >> yes. >> scott cohen, welcome back, tell me, you've got some breaking news, fed, the department of justice, the s.e.c. wants to clean out all of assets of sac capital? >> correct. this is the civil part of what the attorney general filed today. it's a criminal complaint. the civil complaint seeks any and all sac assets. what they're alleging is that

sac basically took the profits from insider trading, funneled them through the rest of the business. that's money laundering, they say. they want to go after any and all assets. they also want civil money laundering penalties and under the law those penalties can be equal to the amount of property that's seized. we're talking about potentially billions of dollars. now, the issue here, and the attorney general made this clear and company, sac, came out later in the day and talked about how there's likely to be a protective order and that's going to allow the company to continue to work with these trading partners so they will continue to do business because bharara doesn't want innocent partners to get sucked into -- >> at some point there could be a credit risk. if you're saying the goal of the s.e.c. is complete forfeiture of assets, that could affect credit decisions. we don't know that yet. maybe that's not going to be true tomorrow when they open for

business, but at some point the clock may run out on that and people may withhold credit. it's a highly leveraged operation. >> and it's the justice department that's making these civil allegations. but basically the way they seem to have structured it is that they will be able to continue doing business until and unless they're found guilty, both in the criminal case or in the civil case as well. they're two separate actions. at that point, yes, then presumably in the government e prevai prevails, they would get everything and then you have a problem. the counterparties are going to have to look at this and see how it goes and decide if they want to continue doing business and putting this for risk. for now they're going to be carved out of this and protected. >> it works until it doesn't work. it works until the authorities say it doesn't work. >> bethany mclean, i want to ask you one more question.

your view of their definition, the justice department, the u.s. attorney, insider trading, has he expanded that definition? that may be the center of the whole case. >> it's a pretty traditional definition. there are six people who have pled guilty and eight who have been charged, when you look at the cases, it's pretty black and white and conventional insider trading. it's different from older insider trading. it's trying to get the earnings of a technology company or results of a clinical trial before those things are public. but it's pretty black and white. the aggressive thing is taking the actions of six people or eight people allegedly and extending it to the entire firm. >> it's not expert witnesses, for example, or third party sources. it's much more direct than that? is that your thought? >> well, it is.

it's people at sac having got information from, say, expert networks, people who are directly involved in a clinical trial and shunting passing on this information or people at sac saying in an e-mail i've gotten a secondhand read from somebody at the company, meaning they're close to a source who is inside the company. so it's pretty clear. most people look at that and say that's inside information, i would know if i gotting someth like that, i shouldn't trade on it. most people who look at these cases say they're pretty black and white. >> go ahead, scott. >> the other big difference here between insider trading now and the rudy giuliani days is you have these e-mails, you have these wiretaps they can get and there may be wiretaps in this case, we don't know. you have not only matching trades with time and sales and things like that. now you have e-mails, you have a

whole lot more range of evidence available to prosecutors now than back in the day. but insider trading at the end of the day is insider trading. >> kayla, you want to take us o out? >> bethany was talking about expert networks. even though sac's compliance code outlawed the use of expert networks in 2006, yet years later he was still using them. the managers were aware and they were citing that as a loophole in the compliance code saying they had this in lip service, to use the attorney general's words and there were a lot of loopholes and they didn't use it. the information they did get from the expert network they are qualifying in this indictment and in the s.e.c. action as

insider trading. they're using that to make an example of sac saying you did not apply your own compliance code in so many situations, this is just one glaring example. >> we're going to leave it. thank you kayla tausche, scott cohn, bethany mclean thank you very much. >> obama care, it's bad for young people, it's bad for doctors. we'll talk about it next with bobby jindal who says it's all unworkab unworkable. free market capital is the best path to prosperity. free market capital also includes the rule of law. i'm kudlow. we'll be right back. could save you fifteen percent or more on car insurance. yep, everybody knows that. well, did you know some owls aren't that wise?

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so is obama care dead on arrival? republican governor scott walker and bobby jindal penned this joint op-ed today in the "wall street journal" arguing that obama care is unworkable and will leave the american people paying a heavy and unnecessary price. we are honored to be joined exclusively by governor bobby jindal. it is great to see you. besides the fact that all the businesses are going to dump

their wage workers into these pools that haven't even been created yet, these insurance pools, and besides the fact that there's no verification, what else is new? i mean, i don't see any part of this that's going to work. >> you're exactly right. it's great to be back on the show. thank you for having me. this is a bad idea, now you have bad execution, all missing their self-imposed deadlines. they told the small businesses, they're not going to have multiple options, they're not going to be able verify income for those getting subsidiesubsi. every time they goatet to a de d deadline, they miss it. remember they said if you have a doctor you like, you'll be able to keefe that doctor. the president said it would cut

premiums and they're going up instead. in my home state of louisiana, blue cross-blue shield has said they'll participate but they said premiums could go up substantially for people. i think there are going to be a lot of disappointed, very frustrated people. this is a bad law. the excuse -- >> it needs to be repealed. >> labor unions are really annoyed. they're losing their cadillac health care packages, which goes all the way back to subsidies in the late 1940s, the so-called taft-hartley subsidy. their workers may wind up insurance exchanges in a much smaller, much less generous insurance package. >> you got three of the largest labor unions riding the administration saying this could destroy the 40-hour work week, the back bone of the middle class, three labor unions that helped this president get elected and it is time -- they

repealed the mandate for employers, not individuals. that makes no sense. they need to repeal the entire law. we don't need a one-size-fits-all solution on pe health care from washington, d.c. >> i don't see, governor, seriously how you can keep the individual mandate going without a verification system. unless i'm completely cynical. let me ask you. maybe team obama wants that. they want the entire world to sign up for it so they can have the control and the fees and they really don'tverification. am i being too cynical there? >> no, they've proven -- i think the left has always wanted a government-run, single-pair system. the government will dictate what pricing they can offer, what

profit they can make it. this is government-run health care. this is a administration very comfortable with people depe dependent on the government. we're finding they're also incompetent. they can't even, cuku execute t own bad law. we know what works in louisiana may be different from what works in wisconsin. we don't need b.c. -- d.c. telling us what doctors, how we can get health care. he said he was going to provide choice in competition. that's not happening. he said if you like your doctor or health plan, you can keep it. that's not happening either. it's not doing anything to make health care more affordable.

if he was serious, he would have allowed to us buy insurance across state lines. >> give the tax breaks to the families and individuals for heavens sakes. you and i visited in washington at the national review conference and there, among other places, you famously said the gop had become the stupid party. i don't disagree with that necessarily. all i want to ask you is this -- the republicans in the house are now faced with a large-scale immigration reform bill. what is your opinion? should they go through and try to actually pass an immigration reform bill? >> yes, they should. one, we've got to secure our border. we talked about let's just do it. i mean the border governors in congress, not the bureaucrats in this administration saying they've done it. once we've done that is corre, o help folks come out of the shadows.

let's make it. let's say we'll legalize them as soon as the border is secured. let's say they can't be on government welfare programs. let's say it will take them time before we put them on the pathway to citizenship. say they got to learn english and we're going to deport criminals. all of us had somebody in our family that came here to seek a better quality of life and seek the american dream. that's good for those families and good for america. that's great for our economy. the kinds of people who come here to work hard and get an education, they love america and they love the values we teach our kids not to take advantage. >> and it's also in my humble opinion it's extremely pro-growth. last one, governor. if you were on the phone tonight with house speaker john boehner, would you then urge him to pull together a bill on gop health care reform? >> absolutely.

we have to be for things. it starts with securing the border. right now we're training people and exporting them to other people to compete with us. security the border first but absolutely, as a party, we can't just be the party of no. we have to be the party of solutions, growing the economy, helping the middle class. >> really thank you very much, louisiana government bobby jindal. i appreciate it. it's great to see you, i appreciate it. >> how accurate are reports saying that obama care is a raw deal for young people and a reason for doctors to quit health care all together? the great outdoors...

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watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. if you're young and healthy, take note -- your health care premiums are set to rise under obama care. and don't just take my word for it. that's from a new report by the government accountability office. it gets worse. if you do get sick, it could become harder to find a doctor. that's because a new survey confirms that physicians are indeed quitting or plan to retire because of the hugely unpopular health care bill. let's join a surgeon at mount sinai help and our old friend

betsy mccoy, author of "beating obama care." betsy, there's a lot of interesting stuff in this gao study. if you're a 30-year-old in reasonably good health and you're making $35,000 a year, you don't qualify for any subsidy you have to pay $2,039 for the worst plan out there and they will not sign up. >> the worst plan is a plan with a $5,000 deductible. so that young man who is going to write a check for over $220 every month will get nothing back. how many months before he says before writing a checks to the obama exchange, let me mike a car payment. one of the thing is the default

crisis because the assisters who are going to coax people to enroll in these plans are getting paid in most states $58 per enrollee. never mind whether the enrollee is capable of paying the premium every month or intends to pay -- >> who is tpaying it? >> the state exchanges. >> state exchanges? >> the federal ones, too. just like the mortgage bankers who encourage you to signed up to -- >> 35 grand is not a lot of money. they're not going to get any subsidy at all. they need 3 million, 4 million young people to sign up to make the numbers work on the -- >> it's not going to happen. it's like selling flood i insurance to desert dwellers. the young people have nothing to gain from this. >> doctor, the other side the

poll says it's bad for doctors. the "new york times"/cbs had a poll that said 60-52% against the program. >> physicians are there to advocate on behalf of their patients, and the way the system is evolving, that is being shattered. >> why is that? why is that relationship being shattered? >> it's shattered because physicians usually do what they think is right. they want to prevent disease, cure disease, do diagnostic tests that are able to help their patients. when we become robots on an assembly line, where we're dictated what we can do and what we can't do -- >> by some central planning

operation in washington, d.c. >> section 1311 empowers them to dictate how they treat even privately insured patients. >> is that correct? >> that's correct. that's why six out of ten doctors are going to retire. >> is it true in your judgment that the best and brightest young kids will not go into the medical field? they don't want to do it? >> they're smart. they hear our disappointments and frustrations, they know the investment is tremendous in terms of financial and time and they just don't see the republic wards of satisfaction and quality of life, compensation and rewards that are emotional in terms of being a practicing physician, being removed from the system. >> betsy, finish this up. >> by the way, these exchange plans are not the same as people are buying from insurns broance broker. if you sign up for an exchange

program, you're going to have to drive right by a prestigious hospital and doctor like this one and go to a cut throat one. >> so governor bobby jindal is right, this is really unworkable, that's what you're saying? >> yes, it is. and it's very destructive of medicine. >> that's what you're saying, too? >> physicians are not going to throw show up. >> i wish we had more time. it's the great interest rate debate. home building stocks got planned. one builder blamed it on rising interest rates. but rising rates could be signaling economic growth. just look at car sales. next up, we're going to debate it.

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all right. look, you got a strong recovery in housing and autos so how are rising interest rates impacting those sales? listen to what a few real estate brokers had to say. >> it has gotten a lot quieter,

which is a shame because historically the rates are very low still. >> i've heard some people say that's going to cut down on business because people are going to say i missed the boat, i'm going to hold off, i'm not going to purchase. >> it's having a chilling effect of the overall temperature of the market. it's coming down from white hot to red hot. there's still so many buyers and so little inventories, a lot of people are bidding on the good properties. >> top home builder d.r. horton said they're a little shocked and disturbed by the fact that rates have moved up from where they are. i think there's too much whining going on. that's my take. >> welcome michael pento "author

of "the coming bond market collapse." >> home building stocks are down 20%. today they were down 7%. are those guys whining too much are or interest rates really going to cut into it? >> what's interesting, larry, is if you look at the home builder sentiment index, we had the biggest back-to-back gains in june and july against this rise in rates in 21 years. so that would tend to lend an element of whininess to it, if you will. so i don't believe these rates -- while certainly there is some sticker shock, she's rates are extraordinarily low. they're just going back to levels we've averaged since the expansion again, about 270, which is where we are at the moment. >> we used to buy mortgages at 5%, 8%, 10%.

in other words, the data points are strong. and many times -- many times rising interest rate, if they're driven by real gdp -- >> which is not the case now, you have a signal of a bullish economy. >> the lyninchpin for economic recovery was the market. home prices according to the n.a.r. you 13.5%. now on top of that interest rates are rising. and if the fed is going to taper in september, and i think they will, i think the ten-year goes to 4%. you want to ignore what happened with pulte homes today, year over year stock down 10%, you can do that at your peril. but rising interest rates occurred when? may 22nd when bernanke was in front of the joint economic committee and june 19th, after the fomc. there has not been one water shed economic event that either of can you point to to explain

the rise in the ten-year note. give me one. >> tapering. the fact on the 22nd bernanke said we might taper sometimes this year. i agree with you on the 4% call but there is too much carry if it tends to go to 4. otherwise we're going to stabilize somewhere around 3 to 3 1/4. >> that's where they were before europe collapsed. >> i just want to say one thing, incomes are rising -- >> 1.1% year over year. real disposable incomes. >> i looked at the jobs reports from june. wage income proxies is rising 4.5% with an inflation rate about 1% or a little more. in other words, if rates were rising and incomes were falling, i think that would be nasty and ugly. but if rates are rising and

incomes are rising, it kind of suggests when you look at things like car sales, which are booming, front page of "the wall street journal" today -- >> everybody with heart beat can get a car loan, larry. come on. >> the economic conditions here look like they are improving. that's all i'm trying to say. >> mike, we're ganging up on you a little bit. >> i'm used to it, don't worry about it, joe. >> so far this year job growth has averaged 202,000 a month since june. that's not great but it's the best showing since '05. when you have improving jobs, the wage growth tends to follow. >> these are part-time jobs, joe. >> we've been running about a 6% rate on tax receipt. that's a pretty healthy number. >> no matter who is right or wrong in this debate, i was interested to see unemployment claims are hovering nicely at

350,000 or a little bit less. i think that's consistent with a couple hundred thousand jobs per month. >> that's where it's been. >> that's why i'm not so worried about these rising rates. if people have income from jobs, all right, i know it's not enough but it is improving, then a lot of time rising rates gets them off the fence. they say i am going to buy this house because the rates may go higher or i am going to buy this car because -- >> when rates were falling, did you make the argument that people would be sitting on their hands and not buying houses? >> yes. >> i give you credit then. because rising rates are really -- >> people react to incentive. let's say you're right and the ten-year goes to 4% and that drives the rate to 6%. people are saying i see the house, i'm going to go buy.

>> here's the thing about rates -- >> let's look at facts. cancellations were up. 25%. >> but they're one company and there are a few others -- >> d.r. horton. >> you have higher interest rates, steeper curve, there's more incentive for banks to lend. not everybody was getting a mortgage when it was at 3. the standards were very high. if we see the senior loan officer survey -- >> don't ask it and don't answer it. i got to get out. michael pento and joe, we appreciate it. now, i always say corporate profits are the mother's milk of stocks. what are the earnings reports telling us about those profits? we'll look at it when we come back. i'm kudlow, please stay with us. meet the newest member of the quicken loans family:

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all right. action-packed day on the earnings front. we have all the details. good evening, simone. >> it was action packed. let's start with amazon. it continues to spend big money on digital content and warehousing for expansion purposes. the stock trading violently in after hour sessions, down 5%

initially. expeai expaid -- expedia, down 20%. and strong results from starbucks. china and asia pacific coms up 5%. we were now at the halfway mark in the earnings season, larry, 250 of the s&p 500 companies have reported earnings and here is the scorecard. 68% have beat, 10% have met and 23% have been below estimates. >> all right. thank you. i want to go right to russ. i'll just say not bad. what do you think? >> the earnings. >> 68% beat. and the actual earnings increased, the actual earnings increase is running up close to 8%. that may not last but that's the actual increase. so what do you think? >> i think not bad's a fair way to put it. it's not bad but in the context of very lowered expectations.

you go back to where earnings numbers were back in march, they've come down quite a bit. mostly because people realize the economy is not rebounding as fast as we thought it would back in january. but companies are beating expectations because they're doing a very good job, as they have been the last few years, of managing that bottom line. >> capital goods came out, core capital goods, aircraft, military and so forth, third straight monthly gain. let's see 7.5, i don't know. almost 10% increase at an annual rate. now, if we get investment spending, capital spending by companies, that's got to be optimist beiic for jobs, income profitability. >> i an if still. the one part of the economy that's healthy is the corporate

sector. they have the wherewithal to spend. if they open their pocketbook, it will be very bullish for the economy, help us get out of this 2% regime we've been stuck in the last four years. >> so where do we go from here in the stock market? i don't want to prod you. i don't think things are as bad as some people think. from your standpoint, what is the strategy? >> i think the strategy should remain overweight equities. the economy is healing, a slow recovery but it is getting better. stocks are still cheap relative to bonds, including broad definitions, international stocks. i feel a lot better being overweight equities than having a large position in bonds and cash. >> i was just doing back of the envelope, lord knows. 15 times earnings, basically the s&p 500. it's a 6.7% forward rning yield.

you got a 260 treasury and a 5 1/4 baa investment grade. near 7% earns beats the bonds story by a lot. >> i think that's exactly the right calculation and you're right to focus on the corporate credit rather than treasury because the treasury is artificial live low. that spread is still very wide. it's positive compared to what it was in the 8 0z and 90s and lot of last decade. on a relatively basis, stocks look cheap because bonds, expensive. >> but which stocks are cheap? if you take a look at technology, many of those stocks are trade being at discount to the s&p 500. and also yield compound and annual growth rate of 5% to 10% over the next five years. >> think is a really important point. the thing about the first part of the year, people bought

stocks that looked like bonds, utilities, they wanted low volatility and yield nap part of the market did get expensive. if you're looking at the back half of the year, cyclicals look cheapers, large cap as opposed to small caps. there are some head winds but long term there's value there. >> ford motor company reporting very good earnings and quoted in the paper about booming car sales. they said, interestingly, asia, china and even latin america are recovering nicely and europe is less bad. now that's from a car sales standpoint. >> what's less bad? >> heck, less bad becomes good when it comes to europe and these other markets are okay. we're not the only one growing nap could bode well. >> it could. what are the parts of the economy, the market that will most benefit from that is going to be some of the cyclical sectors. you mentioned technology. companies like intel, they

generate 80% of their revenue from abroad. if china stabilizes, many of the tech companies are beneficiaries. >> now, it looks like the race to replace ben bernanke is down to larry summers and janet yellen. maybe we're looking at two peas from the same liberal pod. we'll get our experts to way in on summers versus yellen in just a moment. . i made you something. ♪ i made you something, too. ♪ see you next summer. ♪ [ male announcer ] get exceptional values on the highest quality cars at the summer of audi sales event. ♪

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it's a major question on wall street and in washington right now. gossip. will larry summers or janet yellen be the next federal chair? these seem to be the two front-runners among the possible contenders to replace ben bernanke but neither of them believe in clear monetary rules, neither of them have a history of targeting king dollar or gold or commodities or nominal gdp. i don't know. are they two peas from the same liberal pod or are there real differences between the two? let's bring in ben steele, author of "the battle of brenenwoods" and jim path koukis. tell me what the differences are. jimmy p. >> that's the wrong way to look

at it. i would look at it like pre and post. we didn't know much about what larry summers thought about monetary policy. to me he's a prefinancial crisis thinker about monetary policy, doesn't think the fed can do much when interest rates are very low. there's i didn't say precrisis thinking. yellen is a pro-crisis thinker who thinks a couple time every couple hundred years you need to -- i think she does believe in a nominal growth -- >> whoa! when larry summers was in the treasury department, we had a low rate and strong fiscal policy. all of that changed when he went

to work for president obama. who is the real larry summers? >> i think somewhere in the middle. the next fed chairman will not be taking over until early next year and he or she will be in place until probably after 2020. unless there's an economic disaster next year, most of that will be taken up taper and tightening. here i think summers has an advantage over yellen. >> is that because you think he would be a tighter fed chairman and she would be more dovish? >> that's right. summers has been generally quiet about monetary policy but he also a made some negative comments about the efficacy of qe3. >> i think larry summers, you know what he would like? this is music to obama's ears. he would like more fiscal stimulus. he doesn't believe the fed much can do much when interest rates are low. he wants more stimulus. i think that's who i don't want

at the fed right now, when i still think the central bank could be doing a lot, maybe doing a lot more through expectations, communications. who's ahead? i hear summers but it's hard for me to believe obama won't appoint the first woman fed chair. >> what should the fed do right now? should it be more dovish or should it be tighter? >> my problem with qe3 is not the size of the asset purchases, larry, it's the composition. i don't believe the fed should be mucking around in the mortgage markets and that's where i think the big mistake has been made. if you look at what happened in june after bernanke's taper comments, half of the decline in the 30-year mortgage rate that we had seen since the fed began its mortgage purchases in 2009 was eliminated almost overnight. that sort of volatility we would

not see if sectoral credit allegation was were left to the treasury. >> jim pet kukis, i have five seconds. could summers got confirmed? >> if he does, it will be the narrowest vote in history. >> thank you. that's for this evening's show. i'm larry kudlow. we'll be back tomorrow night. eno the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger.

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or just go to e-trade and save it. boom. >> narrator: in this episode of "american greed"... >> he was a good fisherman. he won tournaments. >> he turned the boat around to get that fish. he had to get it. >> narrator: barry hunt is an expert fisherman, angling for big money and reeling them in hook, line, and sucker. >> he wanted anything in the thousands. >> literally people are throwing money at this guy. >> and you always get paid until the day you didn't get paid, and then that was it. that was the end of the game. >> narrator: and later, a daring art heist that pays off big. >> it was probably the worst experience of our lives. >> narrator: thieves steal $4 million in art, and "american greed" has behind-the-scenes footage from inside the crime scene. >> who would steal these paintings? is it someone that covets them and wants to own them?